Entrepreneurship and Small Business Impact

This assignment delves into the significant influence of entrepreneurship and small businesses on economic development. It examines various perspectives, including a portfolio approach to entrepreneurship, the shaping of entrepreneurial mindsets among students, and the role of innovation in business clusters. The impact of environmental management practices by SMEs is also considered. Additionally, the assignment analyzes factors influencing the success and failure of small businesses, highlighting the importance of network capability and entrepreneurial attitudes.

ENTREPRENEURSHIP
AND
SMALL BUSINESS
MANAGEMENT

Executive summary
The entrepreneur and small business management has refers the scope and growth of
economy. Those business contribute in the economy growth. That had create the employment
opportunities for the peoples by innovation. The report has present by the various entrepreneur
venture and its typology of business to grow at marketplace. With the help to statistical data,
report found the turnover, growth of small and micro business venture. All venture are different
and similar with each other. The study has shows a characteristic, skills and motivation has
impact to the people and entrepreneur for run the business. This has show the examples of the
different entrepreneur venture and its success.

Table of Contents
INTRODUCTION...........................................................................................................................4
LO1..................................................................................................................................................4
P1 ...........................................................................................................................................4
P2. ..........................................................................................................................................6
LO 2.................................................................................................................................................8
P3 ...........................................................................................................................................8
P4 .........................................................................................................................................13
LO 3...............................................................................................................................................15
P5. ........................................................................................................................................15
P6..........................................................................................................................................16
LO 4...............................................................................................................................................19
P7 .........................................................................................................................................19
CONCLUSION .............................................................................................................................21
REFERENCES..............................................................................................................................22

INTRODUCTION
It is the effective activity of designing and establishing the brand-new business. Small
business is involved by the high risk and liability because it has only few members to run the
business. Furthermore, it’s kind of start-up where entrepreneur find opportunity to do new things
and creativity. The study lays emphasis on the different types of entrepreneurial ventures which
is medium, small and large enterprises (Abraham and Tupamahu, 2016). Study will show the
interrelationship between different entrepreneurial ventures and typologies. Apart from this
small, medium and large enterprises have various similarities and dissimilarities that will
discussed briefly in present study. Report will be detailing with the necessary small and start up
in social economy. Furthermore, a study will show the traits and skills of entrepreneur and
aspects of entrepreneurial personality that reflect motivation and mindset of entrepreneurs. At
last various examples are discussed of background and experience that can hinder or foster
entrepreneurship.
LO1
P1
There are different types of entrepreneur who can individual they start the business with
sets new ideas, new various services and goods. They are help to develop the market by bringing
new ideas and knowledge and skills. They refer effective process for start a business. Here, is
mention some entrepreneurial venture which are as follows:
Entrepreneur
Entrepreneur are employees but they know and assume them as a entrepreneur within a
company because of their effective entrepreneurial skills. They have the capability to run the
business at Red bridge council and try to develop business with their ideas in a workplace.
Entrepreneurship
The entrepreneurship is the set of activity of business and businesses, which are taking
the financial risk in the hope for profit. It is the process of designing, lunching or running the
new business which is often from the initial level.
Entrepreneurial venture
the entrepreneurial venture is about the risky, failure and success of embracing it and
learning from that. They are the person who learn from their failure and unsuccessful.

Enterprises
It is the another word for a profit business or the company. But it is associated with the
entrepreneurial venture.
There present a difference between the serial entrepreneur, intrapreneurs and owner manager
Serial entrepreneur
A serial entrepreneur is the person who are continuously come with the new ideas and
start new business. They often the single ideas for start the new company and business.
Intrapreneurs
They are the manager of the company who promote the innovative product and
development and marketing of the business and company.
Owner manager
the owner manager is both- to own the business and also to manage it. They are make
strategy for gro0wth of business at marketplace.
Typologies of business ventures and its relation to different entrepreneurial ventures
Scalable start-ups entrepreneurship
This type of start-up has aims at attracting investment from financial investors. They hire
best employees in the organization to have best human resource in the organization. In addition
to this it is very much related to large ventures as both have common goal of increasing scale of
the business and attracting new and potential customers by offering new and innovative products
for long run (Burns, 2016). Thorough this organization can aspect for aglow for the business and
they tend to set up successful business model.
Lifestyle start-ups or social entrepreneurship
The aim of lifestyle start-up is to sustain a particular level of income. These are the small
creative industries which are more practical. Furthermore, there are soul practitioners in the
organization. For example, husband and wife team. In addition to this these start-ups are very
much related to social entrepreneurship because it prefers the consumer preference and the life
style typology helps in achieving the desired level of satisfaction of the customers.
Small entrepreneurship
There are the ventures which has less than 50 employees in the organization and not
having turnover more than £6.5 million. For example, hairdressers, travel agents, electricians,
plumbers, who have their own business and these are less profitable. Furthermore, these are the

ventures which hire local people or families to work as an employee in their organization. That
type of businesses is generally run with the support of the sole proprietors and partnership firms
(Burns and Dewhurst, 2016).
Large entrepreneurship
The large companies which aims at offering product at large scale. These companies
expand their businesses through merger and acquisition. In addition to this large venture sustain
in long run because of continuous offering of products with innovation. These organizations
generally aim at meeting demand of new customers. These companies enlarge their business by
acquiring new business which offers new and innovative products. For example, Sainsbury is the
large organization which provide innovative and new product and has more than 500 employees
in its organization.
The types of entrepreneurial venture
Social enterprise
The social enterprise is established for help to other peoples in effective manner. Like
NHS is free medical service provider firm to their customers. They are take care of their
customers by providing better health service to them.
The profit motive company(aggressive growth)
The profit company are established for earn money by selling good and services to the
customers. Like the Tesco that is the supermarket chain in the market place. they are provide
their best and effective services to the customers and against they are take money and charges for
earn money.
Public company
The public company is owned and run by the government body. This have main motive
to open their business provide services against of earn some profit form the government body.
Like lifestyle firm is covered in the public company. This serve their best service to the
customers.
P2.
The difference and similarities between the survival, lifestyle, managed growth and
aggressive growth business are as follows:
Difference

 Survival business entrepreneurship has not carried the losses and any types of risk. Its
main aim is to feed and foster their families and improve their lifestyle by maintain the
profit margin. The Aggressive growth entrepreneurship venture invests the high level of
amount business so they face the biggest problems like financial, operational and so on
(Dunne, and et.al., 2016). Managed growth business are take risk which is help to start
companies and achieve top that involve the technological risk, capabilities risk and
financial risk. lifestyle business type of business organization not include the any types of
the risk and losses but some time face the various situations which affect to the
community like human rights.
 Survival ventures have limited sources, planning and amount. Aggressive size of this type
of company depends on business whether it is hair salon, cafe etc. Managed type of
ventures has up to 250 employees and have large amount of investment. Lifestyle type of
entrepreneurial ventures do not have specific size because their main aim is to serve
people and society note to make a profit.
 The survival business not have the technological investment and their not high need. The
Aggressive growth business are highly invest on their technology because there is high
need of those for run the business. The managed business are refers the current trade of
technology to grow at marketplace. Lifestyle business are use technology for payment
and run their business in smooth ways.
Similarities
there are various similarities in those types of business which are as follows:
 The all of the entrepreneurship venture hires the employees from their local area for the
better productivity of the firms as well as achieving the increased brand image of the
firms.
 The small, medium, large and scalable business venture are have similarity to create
creative ideas for the growth of business in positive manner.
 All are also create the effective brand name to identity of business at marketplace.
 The small, large and social entrepreneurial venture need to seek the investor for
expanding their businesses in the global market (Eniola and Entebang, 2015). The main focus on the entrepreneurial venture in terms of getting higher level of
customer from the market place for improving the goodwill of the firm.

demonstrate and understanding of entrepreneurship in both public and corporate sector
Public sector
It involves the organizations which are controlled as well as monitored by the
government in both the way directly and indirectly. The government contribute the higher level
of investment in the company's investment. The main objective of this type of the organization is
to providing the higher choice goods and services to the customers. The main focus public
sector organization on the social welfare and development rather than increasing the profitability
and productivity of the firm (Julien, 2018).
Corporate sector
It includes the organization which recognized as the private firms. This type of
enterprises is owned by the private peoples with the aim of increasing the profitability of the firm
and expand the business operations globally. Corporate sector firms design the various marketing
strategies for providing better quality product and services which ensure the successful growth of
the firm.
LO 2
P3
The brief introduction of the micro and small business. Those are the important and
effective business venture of the business. The micro and small businesses are most important
for the economy growth. Both create employment in the country which is effective for the
country and its economic growth. Both businesses are give the high contribution in economic
growth. Micro and small business and its introduction are as follows:
Micro size business
The micro small business is a type with small numbers of employees. For run this
business in effective manner here is required some numbers of employees are needed as the 10
peoples and small capital. For this type of enterprises, the manufacturing enterprise here is
required investment lump sum 2.5 million (Burns and Dewhurst, 2016).
Small size business
In this type of enterprise requires 250 employees who are work to develop the business.
The main motive and aim of this type of business to expand the business and earn maximum

profits and being in a competition. In this business required the investment numbers for run the
business are 25 million.
Micro and small businesses are impact on the economy which as follows
The micro and small business is very important part of the business and for economy
growth. Small business and micro business established personally to earn money and gain
effective reputation at market place. That business gives new way of the economy and peoples
because this help to create employment for peoples. The small business is giving impact on the
business and it is the biggest challenges for the owner of small business because this give the
positive impact on the economy by increasing employment.
With the help of this graph get idea of the economy growth. 50% small business is
surviving 5 years and more then it and 50% home based. All micro business is small businesses
as per their work and contribution. This business has their own ability and capabilities of work in
effective manner. A small business, micro enterprises are developed in a variety of industries. A
most common businesses are including the child care, catering, photography, computer services,
accounting, event planning and so on. Micro business requires many if the same skills to thrive

as their larger business. There were 5.6 million businesses are small which has start at 2018.
compared with the previous year is the private sector business populations fell by the 0.5% and
increased by the 2%. the decrease in the business population is the fall in the series, that happens
in the 2000. The small businesses 99.3% of every private sector business start of 2018. the total
employment in the SMEs 16.3, 60% has private sectors employment at UK. The effective
turnover of SMEs 52% is only private sector employment in the UK. There are compositions of
the business population in 2018, 1.4 million employee’s business and 4.3 million non-employing
businesses (Kuratko and Morris, 2018).
Illustration 1: turnover
(Source: SMEs in UK. 2018)
With the help of this graph, get idea about the small and micro business or its turnover.
This graph is present the micro business turnover has 40% to 50%. other hand the small business
has turnover 30% in t5he economy. the It is estimate that 60% employment of all private sectors
are from the medium and social size business at UK. Lump sum the annual turnover of small and
micro business are 2.0 million of all private sectors. By give the financial independence small
and medium size business are contribute in national economy. All over the businesses are
includes 3 legal forms: there 1.9 million companies, 3.4 million sole proprietorship, and 405000
ordinary partnership. The trend in the business population between 2017-2018, the numbers of
employing businesses increases with 23000, non-employing businesses are fell by 50000
resulting in the overall reduce of 27000 businesses. The location and industries are the numbers

of businesses per person is higher in the UK. A small company are referring the one that have
more than 6.5 million. In UK there are about 3.4 million sole proprietorship that has 59% of the
total sole proprietorship private sector and also ordinary partnership (Kuratko, Morris and
Schindehutte, 2015).
In 2018, there 30.2 million small business in the UK and lack of capital is top challenge
for 33% of small business. For example: with the help of small business and start the youngsters
growing in the business area. This is very important for the business and its effectiveness are
faced by the peoples. They are high contribute in improving the business and local areas. By this
various people got jobs who are not have job and any employment. Medium size business makes

0.6 business population and provides 12% employment to society that lead in creating effective
and attractive 15% turnover. Whereas, the large and big business are making only 0.1% of the
total number of the business and it help to provide the much employment. In the 2017-2018 most
of the company’s employees are grow without employment. It is effective and valuable for the
businesses to sets effectiveness as per the requirements. The effect of small and medium
enterprises has accepted as economic growth and development. The impact on SMEs in the
global economy is a very crucial role in the construction of a society. The reason is they are not
providing the job chance to the different society and growth of businesses.
P4
The social economy is formed and set of business and economy activities are carried out
the private sap. This provide the perfect solution to social and societal challenges. Start-ups and
Small business are important and backbone of the UK economy. It has highly contributed in
UK's economy. Their contribution in social economy is vital because they are creating jobs for
those who are unemployed and decrease the unemployment rate. There, it is important for small
and start-ups business in social economy which has includes development of employment,
turnover and helpful in developing industries. Those are very important and valuable for the
business to grow in positive and effective manner. The small business is highly contributing in
the local economy by bring growth and innovation to the community. The small business help to
economy growth by providing highly employment opportunity to peoples who have not
employment by larger corporation. That promote competition and bring ideas to face challenges
the status. It is very essential for look at wider landscape and path ahead has its challenges, such
as modulate and access to finance (Morris, Neumeyer and Kuratko, 2015).
Small businesses are playing a vital role to the success for the economy. That had not
provided that had not provide the valuable success in the future but it is effective help to meet
local needs of peoples. That have served the various requirements of larger business firms like
catering, routine maintenances, catering. Entrepreneurial simply means to develop the right
skills, attitude and initiatives to make innovation contribution to an organisation. There are
various benefits of small business and start-ups are as follows:
Creating of employment
Small business and start-ups are creating the employment for unemployed peoples. There
are various small businesses and start-ups sets and established in the economy. It is the effective

and correct way of creating employment and earn money. Small business is highly contributing
for creating the high employment. This business has tended to attract talent new product or
implement new solution. The small business plays an effective and important role to create
employment in the country and social economy. It is very important to create job at the
marketplace for youth. The small business and micro busi9ness are create great opportunities for
the youngsters.
Innovation
Innovation is giving the correct way to business with new ideas. Small business
companies are thinking creative and also in innovative ways. That must be effective and valuable
for the business and its process. Innovative thinking is more effective because with the help of
this they are effectively work in proper manner (Pfeifer, Šarlija and Zekić Sušac, 2016).
Innovations are always help to promote their business. The innovation is giving the new way to
the organisation and social economy. The small and micro business make innovative business
idea for run their business in effective manner. It has effective role and that played it in effective
manner. Small businesses are the effective source of the innovation.
Local improvement
Social economy is help to make the effective and valuable changes for the company.
With the help of social economy, improvement of local business is on growth and effective
prospects. With the help of small business and start-ups, the local area is improved and effective.
It is the way of improvement and growth business policies. Small businesses and start-ups are the
effective part of the economy. The small business and micro businesses plays and effective role
which is improvement of local environment. It is very important to improve local market place in
effective manner. The small business are help to improve local market by creating employment
and effective innovation of the business and its product.
Those are the importance of businesses which are effective and valuable for the business
to create in effective manner. Those are importance of the social economy and growth system
with the help of this economy may have the growth and effective way. In this effective
procedure, some businesses are providing the education to rural area peoples with the poor
financial background.
Evaluate the different small, medium and large business

Small and medium size business are focus on providing innovation and creativity to
peoples and business in effective manner. That business is improving goods and services and
prove the commitment of quality. This obtain new and keep existing customers and also help to
ensure regulatory compliance. The small and medium sized business are large and effective part
of every industry and contribute to the economy of the UK. The large businesses are earning
high level of revenues by proving the products and services to their brand values. There is large
business of UK are establishing the various companies in other countries which is helpful in
earning foreign. Large business firms are consisting the various operational activities and employ
higher number of activities and candidates compared to the other organisation (Piperopoulos,
2016). The large companies are contributing at higher level of amount in CSR activities in a
country.
LO 3
P5.
The different characteristic of the peoples are effective and valuable for the business and
its growth in positive manner. Here is mentioned the example of successful entrepreneur are as
follows:
Peter Jones, one of the most successful British entrepreneurs and the founder of Peter
Jones Foundation. The most important characteristics possessed by Peter Jones are perseverance,
sheer determination and tenacity. He is said to possess the characteristic of perseverance as he
faced lot of difficulties while running his business smoothly and in-spite of all these challenges
he managed to run the business successfully and attain its objectives effectively and efficiently.
Apart from that, his sheer determination helped his to maintain proper work life balance which
was the basic reason behind his instant growth in the business and taking the business to new
heights of success. Furthermore, his innovative and supportive nature helped him in running his
business smoothly and gaining the competitive advantage over the rivalry firms (Ribeiro-
Soriano, 2017).
His innovative mind helped him in generation of new and creative ideas and this in turn
helped him in gaining competitive advantage over the rivalry firms. Even his supporting nature
has helped the company in running its business smoothly by maintaining healthy and positive

environment at the workplace. Different type of the characteristic, traits and skills plays in
important role setting up a successful business as well as enhancing its growth because each and
every business operation requires the different procedures which consider by an entrepreneur.
The characteristic of the successful entrepreneur involves the ability to generate new idea and
take the risk involved tasks. It also has the motivational skill which has great impact on the
productivity of the firm in terms of increasing because with this ability it can effectively
motivate the employees for giving best possible efforts towards the attainment of organisational
goal.
The characteristic, skill and motivation are totally different to each other like the
characteristic are already existing in the peoples life and in their mind. Other hand the skills are
learn by the other person and make changes in their own life. Moreover, motivation is give by
other person and also take for hard work and effective growth.
There are some special traits which make an entrepreneur success and make them differ from
other businessman that includes:
Passion:
Passion is very important and essential characteristic which is effective and valuable for
every successful entrepreneur possess. Passion is internal feels doing thing special and different
from other to do thing new which is not easy for all. This feeling and trait make an individual
success entrepreneur.
Strong work ethics:
Work ethical motive refers the rule and manner of manual lobar work which involves
time punctuality, manners etc. Successful entrepreneur ensures and try to come office first and
leave the office. They also ensure that their results achieving and meeting to them anticipate.
They always keep and have mind in work even they have not in workplace because they are
dedicated towards their work (Saleem, 2017).
Determination:
Determination is one of the most important trait and motivation which make an
individual differ from others if they have strong determination and follow their aim properly.
Successful entrepreneur never feels defeated, failure is just like a step of success for them. They
try many times again and again for getting success they never loss their hopes.
Creativity:

Creativity is the quality to make thing possible from impossible. Successful entrepreneur
have that quality which make them able to find a relationship between two unrelated things and
situations. They always come up with solution and new ideas for work related problems.
P6.
The entrepreneurial mind set is the set of attitude, skills and behaviour which has need to
succeed of academically, professionally and personalty. This refers the specific state of mind to
orientates the human conduct towards the activities and outcomes of entrepreneurial. There are
having the 15 types of mind sets which are the social, growth, Fear, Lazy, Envy, business,
Dreamer, follower, Greed, Gratitude, Confident, Creative, short term, angry and productive mind
set. The briefly descriptions are as follows:
 The productive mind set: it is the brilliant because of this allow take most of their time
and get complete their task efficiently and also in effective manner. It is help to prioritize
more task and over others.
 Angry mind set: in this peoples are suffers from the angry mindset and not able to make
any correct task.
 Short term mind set is refers the lazy mind set. This fact to peoples like laziness.
 Creative mind set is the best mind sets. In this entrepreneur is make the new ideas and
strategy for the work in effective manner with the help of innovation.
 Confident mind set is help to take action and happiness. It is the combination of the
confident with the little state of other in mind set.
 Gratitude mind set, in this peoples are easily forgot to the grateful for everything from
their life.
 Follower mind set, in this peoples are follow to other people and take its guidelines for
the work, they are not make their own decision and strategy to work.
The entrepreneur mind set is very important and effective because this puts good use in
their business for ensure about the successful career. This is important because of this help to
right from the beginning. This help to being willing to take risk and accept failure as the unique
skills.
The personality of entrepreneurial is perform an effective role setting up the business
firm. The entrepreneurial personality includes various characteristic and traits which help the

person in terms of generating the new idea and also implement this idea into the production
procedure for generating the value (Schaper, 2016). The entrepreneur requires to continuously
develop the idea for meeting the various demand of the customers which results in increasing the
sustainability of the business. An entrepreneur required the ability for taking the risk as well as
utilizing all the available resources carefully for reaching the desired level of results (Burns and
Dewhurst, 2016). Entrepreneur also require to state the mission, vision and goals for the business
organization and also develop the various strategies for attaining the desired level of results. So,
entrepreneur require to be own motivated to run the business through managing the risk which
are related to its and have the better mind set for accomplishing the business objective
continuously.
There are mainly five backgrounds which hinder and foster entrepreneurship such as:
Openness:
Openness is the experience of various activities like active emotions, adventure and
experience. This reflects creativity and variety of person has. A person with openness refers the
enjoy works and experience from new and old things. On the other hand, people with low
openness do not work efficiently.
Conscientiousness:
This refers self-dependency and well make. Those entrepreneurs have that type of trait,
they can do anything for achieve anything in their life. High conscientiousness leads focused. So,
its foster as well as hinder for entrepreneurs. Low conscientiousness tends to be less goal
oriented and sometimes high conscientiousness lead stubborn.
Agreeableness:
It is tendency to cooperative rather than wary towards others. It also defines helpful and
trusting nature that successful entrepreneurs possess within organisation for to share their feeling
and keep trust of their employees. It is also hinder and foster, if entrepreneur do not possess this
quality of agreeableness then they got high tempered sometimes.
Neuroticism:
The ability and tendency to education unpleasant emotions which involves anxiety, anger
and depression that generally happen at workplace. So, becoming successful entrepreneur it is
important to have this quality in person. People have fear of failure and jealousy which is called
neuroticism. It is a personality trait not a medical condition (Yoon and et.al., 2015).

Extraversion:
Extraversion is effective kind of behaviour by that entrepreneur and individual love to be
with and surround people. They do not love to be alone. It is hinder and foster for entrepreneurs
because sometimes this type of people seek attention from other people and domineering. In
contrast, low extraversion leads reserved personality which do not get distracted with people.
LO 4
P7
The peoples background and experience are impact to the business and
entrepreneurialism life. By the experience and background peoples are feel goods and take
motivation form them. There are many successful entrepreneurs who gets the success after facing
many problems and hurdles (Staniewski, Nowacki and Awruk, 2016). They are having many
ability and traits which make them successful. Personal background and experience can have
high effect on a business. It can foster and hinder the business the entrepreneurship. The own
background consists from friends and families, motivation, financial and others. The own
experiences are influencing the business and its growth in effective manner. Experience is
effective and good than one can continues with their business for longer time and also become
motivated to set up a business. There are such examples of successful background and
experiences of peoples such as Steve jobs and Bill gates and its descriptions are as follows:
Steve jobs (international entrepreneur)
Steve job was an American inventor and business entrepreneur. He was chairman and
founder of the apple computer. Apple products such as iPhone, iPad and iPod. He was smart,
intelligent but directionless and dropped out of college and inquiry with different pursuits before
co-founding apple. It Movies are highly inspired by the computer life have been released as well
namely the critically panned. They are estimated the majority of Steve jobs net worth by his sale
of Pixar to the Walt. He was fell down many times (Storey, 2016). travelled around Midwest for
many years to searching jobs opportunities. Many of the times he faced various difficulties in
functioning in a classroom and misbehave with the class teacher and got suspended many of the
times. His family was not well and good because of they are used their saving in buying new
home and other appliances by which job was bound to changes his school.

His financial conditions were not sound goods and effectively. College, they have
enrolled at the reed college and also leaved their college after six to seven months because of
lacking direction. He spends 18 to 19 months at the art and craft classes after leave reed college.
He learned lots of thinks from their life journey and give lots of chance. Now days he is very
successful man and entrepreneurial at marketplace. Each and every person know him and take
his name very respect fully. At the age of 21, He started Apple computer with the help of Steve
in his family garage. They earned money by selling scientific calculator and Volkswagen bus and
funded their entrepreneurial venture (Testa and et.al., 2016). After felling many times and facing
the problems related financial his Apple computer became a public ally traded company whose
market value. After that Steve Jobs purchase an animation company which became Pixar
animation studio.
Bill gates (local entrepreneur)
Bill gates is an American business investor, magnate author etc. he is the best known as
the principles founder of the Microsoft corporation. He gained a reputation most of the time he
was accused worsening poverty. His millennium scholar program also has been criticized by the
Ernest their parents had another law career for their son but he developed his interest in computer
science. After then they facing many problems like financial ups and downs he got success in his
life. He has many entrepreneur characteristics which make his different from other entrepreneur
and business man. His family continuously attended a church of the churches. They got national
merit scholar he graduated from the lakeside school. He is select the mathematics and graduate
level computer science courses. They have explained his decision to leave saying various things
in proper manner (Volery and Mazzarol, 2015). His father criticized his work but he did not give
up and tried his best. He is focus on their career and give their hard contribution to achieve life
goals and objectives.
Dr Stephen Hicks
he is the social entrepreneur they British inventor. They give hard contribution to changes
the world socially. They are representing of the smart glasses, which a potential is helping
peoples with the whole range of eye condition. He is contributing camera glasses by this whole
world are take pictures. He is done their Bachelor of Arts and master of Arts from the Guelph
university. He was born in August 19, 1960. the beginning of the 20 centuries then he was in

school. After some years they leave school and gone in college for higher education. In 2006
their video was released as documentary.
entrepreneurial characteristic and the influences of personal background
The own background and experience allow individual to sets up a successful business.
Ms Rana Harvey was chemist they have sets their business. In that procedure, A plans for their
business, recruit employees and make strategies for marketing. She was deals with risk and every
problem. She was best and always self-motivator and use her offices as a chemistry lab. She was
always ready and also participated in every business program for gain experience by associating
through other business and use that for own business process. She conducted for their future
planning, and make focus on financial management and work hard to run operations (Walsh and
Cunningham, 2016).
Zac Williams was owner of the grand. He was providing consultancy services to the
business while failed to find job in accentors. He builds up a good experience for the students
and other clients through which he becomes motivated to run their business activities. He takes
various risks and make plan for their business activities and interact with the clients. It has the
essential part of the business for growing in effective manner.
CONCLUSION
The above study has been summarized with that the successful business can be
effectively set through entrepreneurship because it considers the various risk factor such as
financial and managerial. The personality of the entrepreneur which includes the higher level of
knowledge and skill are plays an important role in effectively developing and managing the
business activities and it also has a diverse range of effect on the entrepreneurship which can
hinder the operations of the organization. The different typology of entrepreneurship venture also
improves the productivity of the firm. For example, scalable start-up entrepreneurship provides
the idea to the business which can change the business activities in terms of increased the
profitability of the firm because in this business focus on producing the innovative product and
services for gaining the desired level of customer satisfaction from the market place. The
background and experience of an individual can affect the entrepreneurship in the both positive
and negative way. Experience was helped sets the new business in effective manner.

REFERENCES
Books and journal
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SMEs in UK. 2018. [Online]. Available through:
<https://www.market-inspector.co.uk/blog/2017/05/facts-about-small-medium-
businesses-in-the-uk>